Vagus Nerve Stimulators Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2018 - 2028

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Vagus Nerve Stimulators Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2018 - 2028

Status : March, 2020 | Medical Devices | PPT format

Report Digest


Global Vagus Nerve Stimulators Market: Overview

Increasing number of neurological diseases especially in developing economies is the key factor driving demand in the global vagus nerve stimulators market. Use of vagus nerve stimulation therapy helps in reducing neurological conditions such as neurological tremors and dyskinesia. Its application is also seen in while controlling bladder difficulties, restoration of hand gasp, and improves movement.

According to the data provided by the World Health Organization, globally 4.5% to 11% of illnesses are caused due to neurological diseases. Patients suffering from depression, asthma, and cardiovascular diseases are also treated with the help of vagus nerve stimulators.

Similar information is provided in the report published by TMR research. Insight on regional growth, market’s drivers, restraints, and vendor’s landscape all are given in the report. It will assist key market participants to take well-analyzed decisions.

Global Vagus Nerve Stimulators Market: Notable Developments

Key market players are engaged in product improvement and product innovation. This will give them an upper hand against their competitors. Leading players are also engaged in strategic alliance that will strengthen their position against their rivals. Some of the recent developments seen in the global vagus nerve stimulators market include:

•    The U.S. FDA gave approval to LivaNova Plc. for its VNS therapy system. This system is used for treating patient’s very young age (4 years) suffering with partial onset seizures that are refractory to antiepileptic medications.

•    Recently, electroCore, Inc. launched a non-invasive vagus nerve stimulator – gammaCore. This stimulator is used for acute treating pain associated with episodic cluster headache in adult patients. It is a hand-held medical device functional at the neck and transmits gentle, patented electrical stimulation to activate the vagus nerve. This helps the reducing pain.

Some of the most prominent competitors operating in the competitive landscape of global vagus nerve stimulators market include –

  • LivaNova
  • SetPoint Medical Corporation PLC
  • MicroTransponder, Inc.
  • Parasym Ltd.
  • Beijing PINS Medical Co., Ltd.
  • tVNS Technologies GmbH
  • Nervana, LLC

Global Vagus Nerve Stimulators Market: Trends and Opportunities

Number of cases increased due to depression has increased significantly in the last couple of years. According to the data provided by the National Institute of Mental Health, depression is one of the major cause behind mental disorder in the U.S. around 16.2 million people suffer from depression in U.S. in 2016. Moreover, number of people suffering from epilepsy are also increasing at a high rate and new cases are registered at a high rate. Thus with growing number of people suffering depressions and epilepsy has accelerated the global vagus nerve stimulators market.

Advanced Healthcare Practices Strengthened North America Vagus Nerve Stimulators Market
 
The demand for vagus nerve stimulators is high in North America, and this region is projected to hold larger share in the global vagus nerve stimulators market in the forthcoming years. Use of advanced healthcare system and growing advanced healthcare practices are the key reasons driving demand in North America vagus nerve stimulators market.  Europe is also expected to contribute considerably due to increasing awareness among consumers about the benefits of advanced healthcare services.

On other hand, Asia Pacific is also expected to new growth opportunities in the global vagus nerve stimulators market. Rise in neurological disorders of different types has provided a fillip in Asia Pacific vagus nerve stimulators market. Moreover, high prevalence of depression, migraine, and epilepsy in countries like China and India has further augmented growth of vagus nerve stimulators in Asia Pacific region. Vagus nerve stimulators manufacturers needs to collaborate with regional authorities to spread awareness about these conditions and benefits of using this devices that will help in reducing number of patients suffering from epilepsy.

The study presents a granular assessment and quantitative evaluation of:

  • Key growth factors and prominent trends
  • Size and share of key segments in overall market
  • Key challenges and winning imperatives
  • Factors shaping competitive landscape
  • Insights into how contours of market will change in coming years
  • Technological advances
  • New avenues and imminent investment pockets
  • Regulatory landscape shaping current and future strategies of companies

The region-wise assessment includes market dynamics in:

  • North America
  • Asia Pacific
  • Europe
  • Latin America
  • The Middle East and Africa

The study is prepared with the help of an extensive primary and secondary research. Primary research includes but not limited to interactions, interviews, surveys, and events. Opinions of policy makers and industry experts are carefully integrated into the insights to complement primary research. Volumes of secondary data gleaned through renowned paid sources, annual statements, reputed journals, and government documents offer insights into current dynamics and key evolution trajectories the market is likely to assume. The research employs various industry-wide analytics methods and well-established methodologies to ascertain the attractiveness of key segments. Further, it evaluates the lucrativeness of key regions and factors underlying their maturity. The insights notably include a detailed analysis of forces behind vendor differentiation and offers insight into investment-decision making by prominent players.

The report strives to enlighten businesses and industry stakeholders on multiple facets of the growth dynamic of the market, the key of which include answers to:

  • Which key factors will shape the competitive landscape?
  • Which trends will stimulate research and development activities in different geographies?
  • Which are the lucrative growth areas and what is the size of potential they are likely contribute to the overall market?
  • Which disruptions in market growth are likely to come with the new business models?
  • Which are some of the recent overhauls in policies that may change the course of the market significantly?
  • Which are the geographies that will form sizable sources of new streams to new and established players alike?
  • How are top players likely to realign their strategy to counter the forces of competition?
  • Which key strategies emerging players are likely to focus on to consolidate their position?
  • Which changes in end-user preferences might affect the status quo held by the leading players?
  • Which are some of the game-changing innovations influencing the projected share and revenue of the market and its segments?

Note: Utmost care has invariably been taken to present data and arrive at statistics at all the TMR Research reports. Meanwhile, some recent developments and new industry trends may take time to be included in the reports.

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